Investment property in Kanimbla has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.95%
The five-year average increase in median property values for Kanimbla,4870 has given property investors a potential capital gain of 17.05% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Kanimbla is offering property investors an average of -7.21. This rate of discount on properties puts Suburb at number 415th in terms of most discounted suburbs in QLD
At number 1639 in a list of fastest selling suburbs, Kanimbla is just in the top half of suburbs in Australia with an average of days on market 72.97 for properties listed there.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 3.84%, investors should hope to achieve an overall return of 4.60%